Business
SoFi Expands Loan Platform Business with Multiple New Agreements Totaling Over $3.6 Billion
Deals with a leading global bank, a top-five global asset manager, and a financial services and insurance group add over $3.6 billion in expected personal
About this update from Sofi Technologies, Inc.
[{"type":"text","content":"\nDeals with a leading global bank, a top-five global asset manager, and a financial services and insurance group add over $3.6 billion in expected personal loan funding.\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nSoFi Technologies, Inc. (NASDAQ: SOFI) today announced the expansion of its Loan Platform Business (LPB), committing over $3.6 billion in personal loan delivery across three new partnerships.\n\n\nSoFi closed a LPB transaction with a leading global bank for an expected loan delivery of over $1 billion and a separate LPB transaction with a financial services and insurance group for $600 million over 12 months.\n\n\nAdditionally, SoFi agreed terms on a new partnership with a top-five global private asset management firm, expected to deliver up to $2 billion over a two-year period.\n\n\nSoFi’s Loan Platform Business refers pre-qualified borrowers to loan origination partners as well as originates loans on behalf of third parties. These new agreements reflect the continuing strong demand for personal loans from both members and debt investors.\n\n\n“Adding three new partners to our growing network shows the unique value of our Loan Platform Business to asset managers, institutional investors and partners more broadly,” said Anthony Noto, CEO of SoFi. “By connecting strong borrower demand with institutional capital, we’re building a capital-light, fee-based business that complements our overall lending business while leveraging our existing technology platform capabilities in underwriting, pricing, marketing and servicing.”\n\n\nSoFi’s Loan Platform Business drives capital-light, fee-based revenue by earning fee income for originating loans for partners while retaining servicing rights. In 2025, SoFi’s Loan Platform Business secured over $10 billion in commitments to meet strong borrower demand.\n\n\nAbout SoFi\n\n\nSoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. 13.7 million members trust SoFi to borrow, save, spend, invest, and protect their money and buy, sell and hold their crypto – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi’s technology platform Galileo to build and manage innovative finan...